Kestra’s Bluespring Acquires $1.41B Pittsburgh-Based Signature Wealth
Bluespring Wealth Partners, a subsidiary of Kestra Holdings and acquirer of independent and hybrid registered investment adviser firms, announced the acquisition of fellow Kestra Holdings affiliate Signature Wealth. Based in Pittsburgh, the financial professionals with Signature Wealth currently oversee approximately $1.41 billion in client assets.
The partnership, according to the company, aligns Signature Wealth with Bluespring’s scale, resources, and operational expertise to support Signature Wealth’s next phase of growth and provide continuity for clients and expanded growth infrastructure. The activity marks Bluespring’s eighth acquisition in 2025.
According to Signature Wealth, it takes a collaborative approach to wealth management, bringing together a team of specialists with advanced designations and expertise. This collective expertise enables the firm to provide comprehensive guidance across every aspect of a client’s financial life – from personalized investment strategies and estate planning to tax optimization, socially responsible investing, philanthropic strategies, and business consulting.
“Bluespring offers the scale, infrastructure, and strategic resources we need to keep elevating our business, without compromising the level of service we provide,” said Marc Tannenbaum, chief executive officer of Signature Wealth. “This partnership positions us for sustainable growth, ensures continuity for our clients, and gives our team the tools to meet the evolving demands of our industry.”
Signature Wealth said it chose Bluespring as its strategic partner to enhance operational capabilities, gain early access to emerging technologies, and join a national network of like-minded firms, all while preserving its local leadership and identity. Bluespring will assume key back-office functions, including core administrative functions such as HR, payroll, and benefits, enabling Signature Wealth’s advisers to focus more fully on clients and strategic initiatives.
“Signature Wealth is exactly the type of firm we look to partner with – strong leadership, a clear growth vision, and a deep commitment to clients,” said Pradeep Jayaraman, president of Bluespring Wealth Partners. “Their strong client focus, entrepreneurial mindset, and commitment to long-term growth embody the qualities we value most in our partners at Bluespring.”
Last month, Bluespring Wealth Partners expanded its leadership team with three executive appointments and two additions to its business development group. The additions included Rochelle Levy as chief compliance officer; William Salmen as head of mergers and acquisitions; and Adam Sokolic as head of business operations and integrations. In addition, Jonathan Ballenger and Tyler Schlater joined the business development team as regional business development directors.
More recently, Kestra Private Wealth Services, a registered investment adviser subsidiary of wealth management firm Kestra Financial Inc., announced the addition of Ascend Private Wealth Partners to its platform, which reports $866 million in assets under management.
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